News Releases

Chubb Life Vietnam and Ban Viet Bank partner to distribute life insurance products
May 9, 2024

Ho Chi Minh City, 09 May 2024: Chubb Life Insurance Vietnam Company Limited (“Chubb Life Vietnam”) announced a three-year partnership with Ban Viet Bank (“BVBank”). This partnership marks another milestone in Chubb Life Vietnam's strategy to broaden its distribution network, with the goal of offering trusted and comprehensive protection to even more customers nationwide.

Through the partnership, BVBank will distribute Chubb Life Vietnam’s insurance products via its network of 126 branches and business locations spanning 33 provinces and cities across the country. Leveraging this extensive network, 1.7 million BVBank customers will gain access to a wide range of Chubb Life Vietnam’s insurance solutions that are tailored to meet the health and financial protection needs of individuals and families.

Consumer access to reliable and robust life insurance information has become increasingly important over the past year. With the decline in public confidence in the life insurance market and bancassurance channels, this partnership reflects Chubb Life Vietnam and BVBank’s commitment to help restore consumer trust and close the life insurance protection gap in Vietnam.

Mr. Nguyen Hong Son, Country President of Chubb Life Vietnam said, “Despite market challenges, life insurance remains essential in helping customers protect their loved ones and safeguard their financial future. Our partnership with BVBank brings together both organizations' strengths and shared values to offer transparent and straightforward financial solutions.”

With a focus on customer centricity, this partnership leverages Chubb Life Vietnam's rigorous international-standard operational systems and diverse portfolio of life insurance solutions, to protect customers against life’s uncertainties, achieve financial stability, and realize their goals.

Mr. Ngo Quang Trung, General Director, BVBank, said, "BVBank aims to be a versatile, modern retail bank focused on customers, especially individuals and small to medium-sized businesses. We are committed to growing our business, developing a range of products and services, and partnering with reputable partners to create a high-quality product ecosystem. We believe this partnership will provide our customers with more effective financial solutions. Besides adhering to the guidelines of regulatory bodies, BVBank and Chubb Life Vietnam are dedicated to delivering optimal value to customers.”

About Chubb Life in Vietnam

Chubb Life is the international life insurance division of Chubb. In Asia, Chubb Life operates in Hong Kong SAR, Indonesia, Korea, Myanmar, Taiwan, Thailand and Vietnam, and participates in a joint-venture in China. Chubb Life has been in Vietnam since 2005, and launched its Fund Management Company (Chubb Life Fund Management Company Limited) in 2013. To meet the financial protection and security needs of its broad range of customers, Chubb Life in Vietnam (Chubb Life Insurance Vietnam Company Limited) offers a range of life protection, health, savings, and investment-linked insurance solutions through its agents and its wide network of offices. Additional information can be found at:

Media Contact

Vu Thanh Truc

Chubb Life Insurance Vietnam Co., Ltd

+84 918 872 279